Assistant Underwriter, Europe Property Division

AWAC; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Allied World is seeking an underwriting support professional to join the Property department in our London office (with remote coordination to the USA). The role focuses on reviewing submissions, pricing analysis, and maintaining underwriting files while developing technical underwriting capabilities.

You will liaise with underwriters, brokers and internal teams, prepare quotes and invoices, and support senior staff with management information and reporting.

Qualifications

• Strong written and verbal communication required.
• Experience in underwriting submissions and pricing analysis.
• Proficiency with MS Office and underwriting systems.
• Willingness to work outside normal hours.

Responsibilities

• Review submissions and conduct pricing analysis.
• Prepare quotes and invoices in underwriting system.
• Process policies and endorsements timely.
• Maintain underwriting files and generate reports.
• Coordinate with brokers and internal teams.
• Support VP with management information and reporting.

Skills

Underwriting system

MS Office

Communication

Team player

English fluent

Tools

Genius

Openbox

Job description

Take the next step in your career with us.

Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.

We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.

Our people are our most important asset, and we are very proud of the quality of our team members.

Description of the role:

This position is responsible for providing underwriting support to the Property department in the London office and remotely the USA office, whilst developing technical underwriting capabilities.

Job Duties and Responsibilities:

• General underwriting functions including underwriting submission review, account research, pricing analysis, review of terms and conditions, preparation for client meetings, exposures and completion of underwriting worksheet.
• Preparation of quotes and invoices in the underwriting system as directed by underwriters.
• Timely processing of Policy/Endorsements onto the underwriting system.
• Perform extensive account analysis according to underwriting guidelines which to include thorough review of underwriting application/submission.
• General assistance during underwriting/brokering process.
• Enter and maintain information with various in-house underwriting systems and generate various reports as required.
• Liaise with underwriters and brokers as well as other internal departments as required.
• Perform underwriting referrals with more senior underwriters / manager following account analysis, including thorough reviews of underwriting application/submissions.
• Assist with the development of account pricing/recommendation/peer review/referrals with more senior underwriters.
• Accountable for the maintenance of underwriting files in an orderly and consistent manner and in accordance with the underwriting guidelines, including filing and scanning of underwriting documents.
• Stay current with respect to major market and industry issues and developments
• Develop a market presence and build relationships within the London market whilst representing and promoting Allied World in a professional manner, via attendance at key, relevant client/broker meetings, and other social outings as applicable.
• Corresponding with brokers with respect to all administrative issues, including chasing premium; final contract value adjustments and outstanding underwriting information.
• Ensuring receipt of and review of outstanding information (including underlying/followed policies) to ensure consistency with the terms and conditions agreed at binding.
• Supporting the departmental Vice President by producing regular Management Information and bespoke reports as required.
• Other duties as may be assigned

Person Specification;

• Must be highly articulate, with exceptional communication and interpersonal skills – required for significant liaison with clients, brokers, others teams within Allied World and building strong working relationships.
• Highly computer literate, with an advanced level proficiency using an underwriting system. Advanced working knowledge of MS Office (Outlook, Word, Excel, Powerpoint) is a must, knowledge of Genius and Openbox would be a distinct advantage.
• Methodical approach to work, strong organization skills; capable of dealing with tight reporting deadlines and conflicting priorities.
• Good attention to detail and quantitative skills.
• Overall, team player with collaborative outlook – acting as a role model for more junior members of the team.
• Language skills: fluent in English. Another European Language would be an advantage.
• Ability and willingness to work outside normal office hours as may be required.

Working at Allied World

Our team of over 1,650 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:

• Instant membership in the Allied World — a global network of colleagues who will support your career journey
• A manager who will help you build your career through a structured coaching program
• Access to a full suite of learning and development tools and resources

Global Presence

Headquartered in Bermuda, Allied World has offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, Houston, London, Los Angeles, Malaysia, Manchester, Miami, Nashville, New Jersey, New York, Philadelphia, San Francisco, Singapore, Sydney, Switzerland and Toronto. We strive to provide exceptional service to our clients and distribution partners.

Our Business

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holding Limited, and benefit from a worldwide network of affiliated entities that allow us to think and respond in a non-traditional ways.

Allied work is an equal opportunity employer. Subject to applicable law, all qualified applicants will be considered for employment without regard to race, color, religions or belief, gender, age, disability, military service, marital or civil partnership status, family status, sexual orientation, ethnic or national origin, genetic information or any other characteristic protected by applicable law or regulation in the relevant jurisdiction where we operate.

To learn more, visit awac.com, or follow us on Facebook and LinkedIn.